The Shiba Inu cryptocurrency has added 1,108 new investors this month, marking its first four-digit holder increase in a year. The total number of holders now stands at 1.58 million, according to the latest data from Etherscan. This follows a recent price spike of over 3% and a near 10% surge since April, though the token continues to trade with five zeros after multiple failed rallies.
Shiba Inu has gained 1,108 new investors this month for the first time ever in a year. The number of holders has reached 1.58 million, according to the latest data from Etherscan. This is the first time SHIB has seen an increase in holders reaching four digits since February 2025.
The breath of fresh air comes after Shiba Inu spiked more than 3% on Sunday. It has remained on the front foot since April as prices surged close to 10%.
This is only the second time SHIB has risen double-digits in the charts in 2016. However, the dog-themed token is unable to rally and delete its fifth zero despite multiple attempts.
1,000+ new investors are a drop in the ocean in the vast 1.5 million holders. For Shiba Inu’s value to surge, it needs to add a minimum of 10,000 to 50,000 holders each day.
Every time Shiba Inu has spiked double-digits since 2024, it has erased all gains in less than a month. Therefore, traders don’t have high hopes for the token due to its weak momentum.
